“Commercial Awareness Is Global.”
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. I´m not sure whether the following are really “secrets”. Very likely they are not. But they are definitely not commonly known – even to US-Americans, who use, on average, about 8 credit cards per person. Especially the Germans always wonder about the problems the US-Americans have with credit cards and how it is possible
By: Carsten Lexa, LL.M. During the last several months, some German midsize companies have turn to the UK to undergo insolvency proceedings. They seem to be quiet happy with their decision and, more importantly, they were successful: Today, companies like DNick Holding (formerly Deutsche Nickel AG) or Schefenacker (today separated into the two independent companies odelo and Visioncorp) prosper and
By: Carsten Lexa, LL.M. The German Federal Council (Deutscher Bundesrat) does not like the European Private Company (EPC). With resolution of Oktober 10, 2008 the Federal Council criticises the conditions for the EPC, set out in the proposal for a “Regulation regarding the European Private Company Statute” by the European Commission of June 2008. The Federal Council has two main issues
By: Carsten Lexa, LL.M. In the European Union, each of the 27 Member States provides regulation for different types of companies. Because of this diversity it is becoming increasingly difficult to know all the differences between the different types. Especially because the European Court of Justice has allowed the utilization of companies set up in one of the Member States
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. In November 2008 Germany introduced a new type of company – the so-called “Business Company (with limited liability)” (“Unternehmergesellschaft (haftungsbeschränkt)” – UG). Essentially, this is a variation of the highly successful German “Limited Liability Company” (“Gesellschaft mit beschränkter Haftung” – GmbH), and therefore the regulations regarding the Limited Liability Company, set out in the